Emgold Sign Earn-In With Option to Joint Venture
Emgold is a gold, silver, and base metal exploration company focused on Nevada and Quebec. The Company's strategy is to look for asset acquisitions in a buyer's market, add value to the acquisitions through computerization and remodeling of historic exploration data, new exploration, and application of modern geophysics, and seek asset divestitures through sale, joint venture, option, royalty, and other business transactions to advance their projects and create value for their shareholders. In this interview will we discuss the company's recent news regarding EMGOLD and Rio Tinto's (LON:RIO) Kennecott Exploration signing an earn-in with option to Joint Venture Agreement for the New York Canyon Property in Nevada.
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About Emgold Mining Corporation
Emgold is a junior gold and base metal exploration company focused on Nevada and Quebec, the #1 and #4 jurisdictions for mining investment according to the Fraser Institute's Annual Survey of Mining Companies, 2018. The Company's strategy is to look for quality acquisitions, add value to these assets through exploration, and monetize them through sale, joint ventures, option, royalty, and other transactions to create value for our shareholders.
Emgold's assets include the New York Canyon Property, NV which is under an option to joint venture agreement with Kennecott Exploration Company, a subsidiary of Rio Tinto PLC's (LON:RIO). Kennecott Exploration can earn up to a 75% interest in the property by expending US$22.5 million after which a joint venture will form. The Casa South Property, QC is adjacent and south of Hecla Mining Corporation's (NYSE:HL) operating Casa Berardi Mine.
The Buckskin Rawhide East Property, NV is an inlying property to Rawhide Mining LLC's operating Rawhide Mine. The East-West Property, QC, 50% owned by Emgold, is adjacent to and on strike with Wesdome Gold Mine Ltd.'s (TSE:WDO) Kiena Complex (past producing Kiena Mine) and Osikso Mining Corporation's (TSE:OSK) Marban Block (past producing Marban, Norlartic, and Kierrans Mines). Note that the location of Emgold's properties adjacent to producing or past producing mines does not guarantee exploration success at Emgold's properties or that mineral resources or reserves will be defined. For more information on the Company, investors should review the Company's website at www.emgold.com or view the Company's filings available at www.sedar.com.
About The Ellis Martin Report
The Ellis Martin Report (TEMR) is an internet based radio program showcasing potentially undervalued companies to an audience of potential retail investors and fund managers that comprise our listening audience. TEMR is broadcasted on the VoiceAmerica Business Channel and The Opportunity Radio Network. CEO and company interviews are paid for by those represented on the program.
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